Hourglass Capital LLC decreased its position in Ford Motor Co. (NYSE:F) by 3.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 369,560 shares of the auto manufacturer’s stock after selling 12,500 shares during the period. Hourglass Capital LLC’s holdings in Ford Motor were worth $4,461,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ford Motor by 4.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 864,967 shares of the auto manufacturer’s stock worth $10,873,000 after buying an additional 37,800 shares during the last quarter. Columbus Circle Investors acquired a new position in Ford Motor during the second quarter worth about $56,640,000. Quantitative Investment Management LLC acquired a new position in Ford Motor during the third quarter worth about $3,552,000. Hermes Investment Management Ltd. boosted its position in Ford Motor by 23.6% in the second quarter. Hermes Investment Management Ltd. now owns 1,143,167 shares of the auto manufacturer’s stock worth $14,370,000 after buying an additional 218,600 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in Ford Motor by 40.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 3,445,145 shares of the auto manufacturer’s stock worth $43,306,000 after buying an additional 990,326 shares during the last quarter. 55.22% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor Co. (NYSE:F) traded up 1.18% during midday trading on Friday, hitting $12.04. The company’s stock had a trading volume of 11,374,724 shares. The stock’s 50 day moving average is $11.88 and its 200-day moving average is $12.56. Ford Motor Co. has a 52-week low of $11.02 and a 52-week high of $14.62. The firm has a market cap of $47.84 billion, a P/E ratio of 6.65 and a beta of 1.12.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $32.70 billion. Ford Motor had a net margin of 4.80% and a return on equity of 26.97%. Ford Motor’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts predict that Ford Motor Co. will post $1.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.04%. Ford Motor’s dividend payout ratio (DPR) is presently 33.15%.
F has been the subject of several recent research reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $12.00 price objective (down from $13.00) on shares of Ford Motor in a research report on Saturday, October 8th. Berenberg Bank initiated coverage on Ford Motor in a research report on Tuesday. They set a “sell” rating and a $10.00 price objective for the company. TheStreet cut Ford Motor from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Ford Motor in a research report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.77.
In related news, insider Ziad S. Ojakli sold 10,000 shares of Ford Motor stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $11.86, for a total value of $118,600.00. Following the sale, the insider now owns 503,246 shares of the company’s stock, valued at approximately $5,968,497.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the sale, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Co. (NYSE:F).
Receive News & Ratings for Ford Motor Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ford Motor Co. and related companies with MarketBeat.com’s FREE daily email newsletter.